Tata Communications Gain As Cabinet Clears Equity Infusion Into Hemisphere Properties

Gold Silver Reports (GSR) – Tata Communications Gain As Cabinet Clears Equity Infusion Into Hemisphere Properties — Shares of the Mumbai-based telecom service provider rose as much as 2.5 percent to Rs 653.80 after the Cabinet cleared transfer of administrative control of Hemisphere Properties India Ltd. from the telecom ministry to the housing and urban development ministry after equity infusion of Rs 700 crore and Rs 51 crore secured loan into the company.                                   

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